M1 Finance

M1 Finance Promotions

$2,500 M1 Finance promotion code. Account transfer bonus offer. New M1 IRA/investment account opening incentive for 2020.

M1 Finance Promotion

Open M1 Finance Account

M1 Finance Promotion Details

M1 Finance BonusAccount Transfer Amount
$2,500 $1,000,001+
$1,000 $500,001 – $1,000,000
$500 $250,001 – $500,000
$250 $100,000 – $250,000

M1 Finance promotion applies to direct account transfers initiated in the first 60 days since M1 user sign-up date from participating brokerages. Payments for eligible transfers will be paid 90 days after the account transfer is received. This offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. This offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.

About M1 Finance

M1 Finance is a new robo-advisory firm that found its own unique place in the brokerage world by offering something different: automated investing without a questionnaire. The firm can use this method because investors at M1 determine their own asset allocation.

Is M1 Finance Insured by SIPC?

M1 is a member of SIPC, the standard insurance provider in the U.S. brokerage industry. M1 trading accounts come with the standard $500,000 protection. Up to $250,000 can be applied to cash balances.

Is M1 Finance Legitimate?

The broker is also registered with the SEC, the securities regulator at the federal level. Because it is registered with the SEC, it is licensed to do business in all 50 states. Its SEC registration number is 69670, and its CRD number is 281242. These ID’s can be used to verify the background of the company.

M1 is a member of FINRA, the self-regulatory body of the American securities industry. FINRA keeps an eye on all member brokerages to ensure compliance with legal and ethical standards. FINRA has a database on its website called BrokerCheck. Here, users can research the background on any member broker. M1’s profile page shows zero disclosures, a good sign; although the company has only been in business since 2015.

M1 Finance Promotion

Is M1 Finance Safe

Based on M1’s credentials and memberships, it is safe to assume it is a legitimate securities broker. Keep in mind, however, that membership and insurance do not guarantee any investment gains. The world of investing is a volatile and uncertain place, with both gains and losses always a possibility.

In this sense, no broker is ever completely safe—certainly not as safe as a bank. Perhaps we should just say that M1 is as protected as any other broker, especially up to the $500,000 insurance limit.

M1 Promotion


In addition to great promotion M1 Finance offers the perfect pricing. The broker requires only $100 deposit to begin its investment-advisory service. All investing is done for FREE.

Despite no fees, the broker does not charge any commissions on the trades that are placed in an account, nor are there any markups on trades. There are also not any fees for deposits or withdrawals.

How do they make money? M1’s back-end services generate revenue, and the addition of new services in 2020 will further contribute to earnings.


M1’s yearly asset-based fee is on par or lower than at other robo-advisors. For example, Fidelity Go charges 0.35% of entire balance annually for its computerized trading system. And Betterment's cost is 0.25%.

Traditional brokers like Raymond James are much more expensive, costing up to 2% or even more for more thorough service. And unlike M1, some of the old-school brokers, including Raymond James, charge pricey commissions.

Investment Education

Our final category is investment education, and here M1 Finance fails to deliver very much. While the broker does have stock and ETF profile pages (both on the website and mobile app), they don't contain much information. Just a few data points are shown, such as 52-week range and P/E ratio. There are no independent stock reports, financial statements, or even charting tools.

Besides the lack of stock and ETF research, there are no instructional materials on the basics of retirement planning, how to trade stocks, or what a bond yield is.

M1 Investment review

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M1 Finance Promo Code Disclaimer

Current M1 Finance promo code can change without notice at any time. Carefully read information on the broker's own website before opening an account with M1 Finance incentive.